NetJets® Inc. Unveils New Private Jet Travel Card

Card designed for China-based travelers to use in the continental
U.S., EU and Switzerland

November 12, 2012 06:00 PM Eastern Standard Time

COLUMBUS, Ohio--(BUSINESS WIRE)--NetJets®Inc., a Berkshire Hathaway company and
the worldwide leader in private aviation, unveiled today The Private Jet
Travel Card, offering a unique product and service to both corporate and
individual China-based travelers. The card opens access to NetJets’
unparalleled safety, service and reliability.

The Private Jet Travel Card is sold in increments of 25 hours, allowing
the buyer to determine the amount of flight time that is needed, with no
long-term commitment. The card grants entry to a large cabin aircraft in
the NetJets U.S. and European fleet for an 18-month term, and is
designed to be used by China-based travelers in the U.S., EU and
Switzerland.

“NetJets guarantees aircraft availability within as little as 10 hours,”
said Adam Johnson, senior vice president, NetJets Global Marketing,
Sales and Service. “This specialty product is designed to get our
customers where they want to go, when they want to go in an aircraft
specially intended to meet their needs.”

Earlier this year NetJets announced its new joint venture in the
People’s Republic of China. Subject to obtaining relevant regulatory
approvals, NetJets China Business Aviation Limited will be a joint
venture among NetJets Inc.; Hony Jinsi Investment Management (Beijing)
Ltd, a subsidiary of Hony Capital, a leading private equity firm of
China; and Fung Investments, part of the private investment arm of the
families of Dr. Victor Fung and Dr. William Fung, the controlling
shareholders of the Li & Fung group of companies that are involved in
supply chain management as well as the wholesale and retail of consumer
products.

The Private Jet Traveler Card is NetJets’ first product offering
targeted at China-based travelers. The company is working to obtain
authorization to establish an aircraft management business in China
within the next 12 months.

ABOUT NETJETS® INC.

NetJets®Inc., a Berkshire Hathaway® company, is the
worldwide leader in private aviation with the largest and most diverse
private jet fleet in the world. NetJets began in 1964 as the first
aircraft charter and management company in the world. In 1986, NetJets
pioneered the concept of fractional aircraft ownership – offering
individuals and businesses all of the benefits of whole aircraft
ownership and more, at a fraction of the cost. Today, NetJets offers a
full range of private aviation solutions through its fractional programs
in North America and Europe, including NetJets Shares, NetJets Leases
and the Marquis Jet Card®, which provides access to
NetJets though a 25-hour jet card. The North America program is managed
and operated by NetJets’ subsidiary NetJets Aviation, Inc., and the
European program is managed and operated by NetJets Transportes Aéreos,
SA, a Portuguese/EU Air Carrier. In the United States, NetJets also
offers aircraft management and on-demand charter services through its
subsidiary, Executive Jet® Management, Inc. The
NetJets companies offer worldwide flight operations. More information on
NetJets, NetJets Europe, the Marquis Jet Card, and Executive Jet
Management is available at www.netjets.com.